L3Harris (LHX) Stock Climbs After Strong Q1 Results and Raised 2026 Earnings Forecast
L3Harris Technologies, Inc., LHX Chief Executive Christopher Kubasik highlighted strengthening demand and an increasingly complex geopolitical landscape as primary growth catalysts. He emphasized that the organization is rapidly expanding manufacturing capabilities and boosting output throughout its operations. The company revised its full-year adjusted earnings per share projection upward to $11.40–$11.60, compared with the earlier guidance of $11.30–$11.50. Annual revenue expectations remain steady at $23 billion to $23.5 billion. FactSet consensus estimates currently show analysts anticipating adjusted EPS of $11.59 on sales of $23.44 billion. Mission Systems and Missile Divisions Power Growth The space and mission systems division delivered exceptional performance with $2.99 billion in revenue — a 24% surge compared to the prior-year quarter. Expansion was fueled by increased production of intelligence, surveillance, and reconnaissance platforms for classified government programs and international aircraft contracts. The missile solutions business generated $990 million in sales, reflecting 18% year-over-year growth. This division manufactures propulsion technologies and hypersonic weapon systems. The communication and spectrum-defense segment showed more moderate expansion, recording $1.86 billion in revenue, representing a 2.5% increase from last year. Confidential IPO Filing for Missile Division L3Harris submitted a confidential initial public offering registration late Wednesday for its missile solutions division. This filing follows through on an arrangement with the Department of